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His policies took more than a million people off the income tax rolls, and 98 percent of Americans paid no income tax at the end of his term. As a result, America prospered under Coolidge. Real economic growth averaged 7 percent per year while he was in office.
Original article: https://mises.org/mises-wire/silent-cal-had-lot-say
In a free society, legitimate economic success does not fall from the sky or come by force. Behind every fortune lies effort, risk, savings, time, discovery, validation, and social coordination.
Original article: https://mises.org/power-market/critics-capitalism-misunderstand-economic-success
If we were to claim independence from the modern-day royalty of the beltway, the markets will ensure better holidays in the future.
Original article: https://mises.org/mises-wire/how-government-ruins-4th-july-travel
With the exception of the "covid panic" and the mandated lockdowns, etc., last week was the highest total for ongoing unemployment claims since early 2018:
Original article: https://mises.org/power-market/unemployment-claims-reach-highest-2018-ex-covid
Speaking at the recent Rothbard Graduate Seminar, Dr. Joseph Salerno traces Murray Rothbard‘s intellectual development while in the economics Ph.D. program at Columbia University. Rothbard was dissatisfied with the popular schools of thought until he discovered Austrian economics.
Original article: https://mises.org/mises-wire/young-rothbard-uncomfortable-neoclassical-economist
The Supreme Court has told Maryland parents their children do not have to sit through militant LGBTQ+ indoctrination classes, violating their religious values. Previous courts had forbidden parents from “opting out” of such sessions. This is a blow against government tyranny.
Original article: https://mises.org/mises-wire/scotus-strikes-blow-against-public-school-indoctrination-young-children
In this episode, Cato Institute's Scott Lincicome and Adam Michel dive deep into the sweeping new legislation—dubbed "The One Big Beautiful Bill"—moving through Congress. They break down what’s at stake as key provisions of the 2017 tax reform are set to expire, unpack the bill’s complex mix of tax cuts, new carve-outs, and industrial subsidies, and examine why temporary tax policy and policy uncertainty could derail economic growth. Plus, they confront the fiscal fiction behind tariffs as a reliable revenue source and make the case for a cleaner, more permanent pro-growth tax system. If you're looking for a sharp, honest take on where tax and trade policy stand in 2025—and where they should go—this one’s for you.
Show Notes:
Adam Michel, "Republicans’ One, Big, Beautiful Tax Bill Needs a Makeover" Cato.org, May 14, 2025
Adam Michel, "Four Things the Senate Can Do to Improve the House Tax Bill" Cato.org, May 22, 2025
Scott Lincicome, "Republicans Can’t Pay for Their Tax Cuts with Fantasy Revenue Sources" The Washington Post, May 27, 2025
Scott Lincicome, "Trump’s Latest Tariff Idea Is Dangerously Foolish" The Dispatch, June 19, 2025
Adam Michel, "Senate Big Beautiful Bill: More Growth, More Subsidies, More Debt" Cato.org, June 30th, 2025
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As Republicans in Congress look to gut Medicaid with President Donald Trump’s supposed “Big Beautiful Bill,” the Supreme Court ended its session ruling on United States vs. Skirmetti that Tennessee could bar gender-affirming care for minors. The ruling itself centered on whether or not such a ban would violate the 14th Amendment’s equal protection clause. In a 6–3 decision, with the three liberal justices dissenting, the court decided the Tennessee law did not violate the clause. To learn more about what gender affirming care does, and what providers working on the ground think of efforts to ban it, we spoke to Dr. Alex Dworak. He’s the associate medical director of family medicine at One World Community Health Centers and specializes in LGBTQ medicine.
Then in headlines: Republicans in the Senate are literally racing to pass President Trump’s “Big Beautiful Bill” by the Fourth of July, the Trump administration’s spat with Harvard continues as it accuses the university of being in violation of the Civil Rights Act, and Trump goes to “Alligator Alcatraz,” Florida’s new migrant detention center.
Show Notes:
Last week’s big Supreme Court decisions walked back rights for individuals and the powers of the lower courts—and in aggregate made it ever more difficult to believe the court is anything other than another vehicle for delivering the outcomes favorable to Republicans and the conservative project.
Guest: Mark Joseph Stern, Slate senior writer covering courts and the law.
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Podcast production by Ethan Oberman, Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther.
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